Insect Protein Market Overview
Insect Protein Market Size Anticipated to Reach at a USD 6,986.56 million by 2030, With a 23.28% CAGR-2022 to 2030.
The need for sustainable protein sources, increased knowledge of the nutritional advantages of insects, and growing interest from food and beverage producers are all driving the market's rapid expansion on a global scale for insect protein. Compared to conventional livestock, insects require less land, water, and feed, making them a very sustainable source of protein.
The insect protein market has been booming in recent years due to rising demand for alternative and sustainable protein sources. Because of their high protein, vitamin, and mineral content, insects make a wholesome and sustainable dietary source.
Key Players
InnovaFeed SAS,
Bioflytech S.L,
F4F SpA,
Hexafly,
SFly Comgraf SAS,
Darling Ingredients Inc.,
Nutrition Technologies,
Entofood Sdn Bhd,
Protix B.V.,
nextProtein SAS
Market Segmentation
By Application:
1. Food & Drinks: Protein bars, snacks, and baked goods are just a few of the products that use insect protein. Additionally, it is used to shakes and smoothies as a protein fortifier.
2. Animal Nutrition: As a sustainable source of protein for animal feed, insect protein is becoming more and more well-liked. It can lessen the negative effects of animal production on the environment and is high in nutrients.
3. medications & Nutraceuticals: Researchers are investigating the possible health advantages of insect protein in medications and nutraceuticals. It can enhance immunological function and general well-being because of its abundance of bioactive substances.
4. Personal Care & Cosmetics: Products for personal care and cosmetics also contain insect protein. It can aid in enhancing the health of the skin and hair and is high in amino acids.
By Insect Type:
1. Crickets: One of the most often utilized insects for protein production is the cricket. They are a popular choice among consumers since they are high in protein, vitamins, and minerals.
2. Mealworms: Another common bug utilized to provide protein is the mealworm. They can be used in a wide range of food products due to their mild, nutty flavor and high protein content.
3. Grasshoppers: In many cultures, grasshoppers are a traditional source of protein. They are a common option for snacks and protein powders because of their high protein content and mildly nutty flavor.
4. Ants: An underappreciated but incredibly nutrient-dense source of insect protein is ants. They are frequently employed in traditional treatments and are high in protein, vitamins, and minerals.
5. Bees: In addition to being crucial pollinators, bees may also be a source of protein. In many cultures, bee larvae are eaten because of their high protein content.
6. Termites: Eaten around the world, termites are a good source of protein. They taste nutty and are frequently added to stews and soups.
7. Black Soldier Fly: Larvae of this insect are becoming more and more well-liked as a source of protein. They can be used as a human protein supplement or added to animal feed because they are high in protein.
8. Others: Insects with a range of flavor profiles and nutritional advantages, including mealworms, silkworms, and caterpillars, are also employed in the synthesis of protein.
Regional Analysis
North America: Due to the rising popularity of alternative diets like paleo and keto as well as the growing need for sustainable protein sources, North America is a major insect protein market. In this region, the US and Canada are dominating the market expansion.
Europe: With nations like the Netherlands, Belgium, and France setting the standard, Europe is another big market for insect protein. The adoption of insect protein is being driven by the region's stringent rules pertaining to sustainability and food safety.
Asia Pacific: Due to the region's expanding population and rising need for foods high in protein, the market for insect proteins is expanding quickly in this area. Vietnam, Thailand, and China are a few of the nations that have significantly boosted the industry in this area.
Latin America: Due to the region's abundant biodiversity and rising awareness of sustainable food sources, there is a developing demand for insect protein in Latin America. Brazil, Mexico, and Colombia are among the nations where the market is expanding significantly.
Middle East and Africa: Due to rising demand for foods high in protein and increased knowledge of sustainable agriculture, the Middle East and Africa region is becoming one of the key markets for insect protein. The use of insect protein is growing in nations like South Africa, Kenya, and Nigeria.
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